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Search Results 0 to 49 of about 211 (some duplicates have been removed)
, the thing that is really holding the economy back? if so then you had a bad week. >> first jobs report of the year. >> fourth quarter gdp numbers are down. >> the republican party can't move forward. >> government spending does actually help the economy. >> a trillion dollar stimulus bill, supposed to create jobs. >> we need to start solving the actual problem. >> we need to cut spending. >> cutting. >> cutting very popular social insurance programs. medicaid, medicare, social security, health care. >> there is another economic reason why we need reform. >> let's help to build the greatest economic engine the world has ever known. >> as congress gets ready to tackle the immigration, there will be a snag. >> the republican party can't move forward. >> doesn't want to do anything on comprehensive immigration reform. >> what would you do about immigration? >> how to deal with border security. >> first we strengthen the borders. >> they have to be reasonable how they do it. >> we define ourselves as a nation of immigrants. >> the economy is back in the spotlight. >> government does help th
to grow the economy, shrink government and create confidence that we are not greece. and, oh, heck, my friend steve kroft lobbed a bunch of softballs at president obama and hillary clinton in his "60 minutes" interview last night. and you know what, folks, we still do not know what happened on that tragic, awful night in benghazi when four people were killed. the administration spun two separate stories, we still don't know the narrative. all that, the "kudlow report" starts right now. >>> first up tonight, it could prove to be the most significant immigration reform in years. bipartisan group of four democratic and four republican senators unveiling their blueprint this afternoon for border security, guest worker cards, more foreign brainiacs and employer verification, maybe even a path to citizenship. cnbc's own eamon javers joins us now with the details. good evening, eamon. >> well, we've almost gotten out of practice at watching bipartisan groups of senators hold press conferences here in washington. that's not something we're used to seeing. in recent months, anyway. but the sena
economy and, brother, it is so grim. u.s. economy unexpectedly shrinking in the fourth quarter. the biggest dip in 3 years. instead of jumping into high gear to figure out what to do to reverse this economic bad news some, top democrats used their time to play the blame game. they say it's all the republicans' fault. >> the economy shrunk. >> last three months of last year, our economy shrunk. >> the new report suggests that this economy still has not really fully recovered from the financial crisis four years ago. >> it was the democrats are saying? this is the best-looking contraction that there has ever been. >> it's disheartening, although we have moved at least temporarily beyond flirtation with default, to see republican leaders say, visequester in my back pocket. it's not a game. it's the american economy. >> you remember what this administration's growth forecasts were? for the next three to four years? their growth forecasts were anywhere between 3 and 4/2 percent. we are not growing. >> have you heard of a poor man spending himself into prosperity? >> it's just sad to
that to you shortly. now, the latest news about our economy and it is so grim. shrinking in the fourth quarter. biggest dip in three years. instead of jumping into high gear to figure out what to do to reverse the economic bad news, top democrats use their time to play the blame game. they say it's all the republicans' fault. >> the economy shrunk. last three months our economy shrunk. >> new report suggests that the economy still has not really fully recovered from the financial crisis four years ago. >> now the democrats, this is the best looking contraction it has ever been in this country. >> it's beyond the flirtation with default to see republican leaders say, i got sequester in my back pocket -- this is not a game. >> you remember what the administration's growth forecast were for the next three to four years. it was anywhere between 3-4 1/2%. >> have you heard poor men spending themselves into prosperity. it's dumb. >> there is more work to do in our economy and facing a major headwinds. that is republicans in congress. >> if there were republican in white house we would never come out
a great night. ♪ lou: >> a very good evening. i'm lori rothman. the obama -- obama economy heading a stumbling block, suffering its first decline since the end of the recession. the government cutting spending and u.s. businesses trying down inventories in the fourth quarter causing the economy to contract for the first time in more than three years. u.s. gross domestic product falling a rate of a tenth of a percent, that is the worst performance since the second quarter of 2009. this is growing at a 3% clip in the third quarter of last year. the federal reserve today saying that growth has stalled, but telling the public temporary, pledging to continue with the easy money policy into the outlook for employment improved substantially, the news coming as somewhat of late surprised as economists predicted. the economy hit with super storm sandy in late october causing extensive damage along the east coast, seen as a major factor. economists see the same growth in excess of 3 percent will be needed to significantly lower unemployment and get at least some of the 23 million unemployed
'll get to the second topic. news today about the economy that was surprised a lot of economists. they weren't expecting for the economy to actually slink. contracted in -- actually shrank, contracted in the fourth quarter. >> eric: everybody says everything is great, obama recovery is great. see the line right there? it should be negative. it is below the line. economy shrank by one-tenth of 1% catching people by surpris surprise. >> dana: caught people from surprise? >> eric: everyone. everyone. everyone. everyone said wait a minute, we're moving. it wasn't 3.1% growth like the third quarter was. we thought it would be in the 1.5-2% growth, but growth none. first time in 3-1/2 years. we have spent $5.8 trillion, negative growth. >> greg: this is great, though. this is all part of president obama's immigration plan. shrink the economy, people leave. genius. >> dana: do you think it's weird that the white house blamed the republicans today faz they have nothing to do -- >> bob: i think, i think the serious blame goes to sandy more than anything else. i don't think i would - -- >>
of time will essential double fuel economy up to 54.5 miles per gallon. it does it in a way that collaborates with the automakers themselves in a way that will produce the kind of cars that are safe and effective and perform the way that american consumers want to see. will really provide tremendous benefit. so it's a win for everyone and that i think is my basic message. if you look at on the climate change side, whether we're we ae talking about is over the course of 2012-2025, those vehicles are going to reduce their carbon pollution by 6 billion metric tons. we're talking about 12 billion barrels of oil saved. these are numbers that are not to be sneezed at, ladies and gentlemen. these are very large benefits to society. in terms of automakers can we saw the automakers standing up for the president. we saw them touting this initiative because they knew they could be producing cars that were more efficient and that consumers would want to purchase. and on the consumer side, perhaps consumers here are the biggest winners of all. they are going to get cars that again perfor
. we still have a risk to the economy. i don't see us heading off to a robust, fast recovery. i think 2013 will be better than 2012. i wish i could tell you that it would be really good because that's what we need. >> i don't call myself an economist. i specialize in economic policy. i try to be a good consumer of other forecasts. one thing i learned from that is frankly i don't trust any macro forecast that goes beyond six months. i don't think -- they are just guessing beyond that. i think we probably -- at least i would have similar reactions. i am still concerned about the risks posed by europe. i'm still quite concerned about the risks from things heating up in the middle east. the u.s. economy is repairing itself. we don't have at significant housing drag that we did a year or two ago. balance sheets are repairing. yes, things seem to be heading in the right direction. but i also think that people often make the mistake of confusing the level for the growth rate. i think we need to understand that even if the economy grows at 2% or 3% this year which seems to be the optimistic b
from how people personally did but how does it into the economy? guest: we are seeing an economy that is recovering slowly from the crisis and recession of 2008 and 2009. we can put a number of side for a minute because that is about investment income. even over the long time horizon, we are seeing incomes rise. people are earning more money. people are starting to put people back to work. certainly, this is not a happy days are here again and everything is fine. we are not healed but it is making progress in that direction. host: take a look at a lot of factors. it look at wages and income and rental income. you look at investment income as a whole. that paints a picture of where americans are financially. guest: that's right. you can't buy the things you need if you don't have income. for some, that is a paycheck from their job or from retirees, social security benefits. or for people who have invested a lot, it might be invested -- investment income dividends. wherever it comes from, that is the core of how you buy the things you need and want. host: our guests will take a loo
numbers announced yesterday. the economy added 150,000 new jobs, but the unemployment rate ticked up to 7.9%, which is what we have there on our map this was also the lead story in this morning's new york times -- on our map. this was also the lead story in this morning's new york times. patrick, explain how that works, more jobs added, but the unemployment rate goes up. guest: the economy needs to add up -- needs to create enough jobs to make up for people coming into the labour market. this month, we fell slightly short of getting there. it is worth noting, the unemployment rate has a margin for error of 0.2%. when it picks up a 0.1%, we say, it is essentially unchanged. there is a wiggle room for measurements. it is right around par. host: when these numbers come out, the numbers come out, and there is an explanation that they can be adjusted in a month or so down the road trips -- road. guest: tell us about -- as more data comes in, debris-estimate how many jobs came in, and for december, they went from 155,000 jobs to 196,000 jobs. and in november, job growth was showing 146,000 jobs
the a tell you what it means for your wallet and the economy. and for some the super bowl is nothing but filler between those often-times hysterical commercials. jon: love them. jenna: we have a sneak peak at madison avenue's finest. it's all "happening now." take a look at unemployment rate, the new one that we got today i think it's going in the wrong direction. the news not all bad, not all good, we'll work through it for you everybody. glad to have you with us on friday. i'm jenna lee. jon: i'm glad it's friday. i'm jon scott. employers adding $157,000 jobs in january continuing the slow pace of job growth we have seen in recent months and years. it didn't make a dent in the unemployment rate. in fact the nation's jobless rate rising in january to 7.9%, clearly not good news. that doesn't seem to be phasing wall street, though. take a look at the dow, up more than 130 points, and approaching 14,000. senior white house foreign affairs correspondent wednesday algoler joins us live. >> reporter: as one analyst put it the top line is not so good but the bottom line is really not so b
in the technology industry where it was mentioned that between 2010 2010-2020, the american economy will annually create more than 120,000 additional computer or science jobs that were require at least a bachelors degree. that's just mention one aspect of this. this is great news for many of our computer science students. and for joy that is the end of the good news. each year only about 40,000 american students receive bachelor degrees in computer science. in other words, there are approximately 80,000 new computer science positions every year in the united states cannot be filled by available american workforce positions. and i have positions that need to be filled so that our technology industry can continue to thrive. simply put, u.s. based companies have a great need for those trained in the science, technology, engineering and math fields. but at least right now there are not enough americans trained and ready to fill these jobs. we cannot continue to simply hope that american companies do not move operations to countries where they have greater access for individuals trained in these s.t.e
here is to help undocumented immigrants who are already a part of the this country's economy and he made the argument that helping them would help all americans. >> obama: every day, like the rest of us, they go out and they go out and trytry to earn a living. they often do that in a shadow of economy where employers may offer them less than minimum wage or make them work overtime without extra pay. when in a happens, it's not just bad for them but the entire economy. because all the business who is are trying to do the right thing thing, hire people legally following the rules, they are the ones who suffer. >> jennifer: he's right, the shadow economy hurts everyone, particularly the workers who are operating in it. 67% of domestic workers are paid below the minimum wage. less than 2% receive retirement or pension. 65% of those workers don't have health insurance and there is absolutely no recurs. 85% of undocumented immigrants who encounter problems in their working conditions didn't complain because of their shaky immigration status. they have reason to be concerned, that it woul
the economy. think about language. nobody planned the english language. it arose spontaneously it evolved just like the french language, the russian language. there are a few languages that have two things in common, they were designed by human beings, they were planned and no one speaks them. all the languages that people speak are examples of spontaneous order. law, i know we're here in the ray burn -- rayburn office building and everybody thinks they are involved in making law. the fact is, law evolves spon spontaneously. sometimes they turned to a neighbor to settle them. some of the wisest neighbors became known as judges. that's how precedent and case law built up. it was actually much into that process that government started saying let's write it down. and intrude it and change it through legislative or skeeverd. money, most people think money is something ben bernanke prints. but it evolved because again, people had problem. how do i trade? if i have a fish and you have an apple then we have an easy trade. but if i don't like apples and you have enough fish then we have to make the tr
, an unexpected jump of over 38,000 from the prior week's four year low. the obama economy seems stuck in neutral. recoveries fragile. yesterday the drop in gdp. tomorrow's january unemployment report expected to remain. critics said the president has not remained lazar focused on creating jobs, and the dissolution of the jobs council is just the latest example of that. fox news senior white house correspondent with our report. >> more than one year after his last meeting with the group, president obama is now reviewing the charter for is jobs council. the unemployment rate is falling a little more than a percentage point as the council's first meeting two years ago and no one in the white house says it has fallen far enough. officials defend the council's work in mr. obama's interaction with it. >> the jobs council provided us a series of ideas, many of which the president acted on. it did not require some leaves us ideas to be generated. >> from the start critics believe the council was intended to create the appearance of action in the face of soaring unemployment. it only met four times and h
work in national security or education or clean energy, not to mention the growth of the entire economy should be in jeopardy because folks in washington couldn't come together. >> all right, the cbo estimated today in the fiscal 2013 budget $850 billion will be the deficit and we looked at the charts. people will argue, probably the man here, that it's going to be down in the long term because of increased revenues, economic growth, sequester, higher taxes. but kimberly, if you look to 2013, it shoots back up. how can the president hold a press conference when he talks about cuts using the word smaller. >> there's so much shrinkage. the problem is the middle class is the working poor. that's what's the norm. people are so used to it now they don't realize it should be fixed. we could focus on cutting back on spending, thinking about how to stimulate jobs and the economy. we're so used to the stagnation, it's become acceptable and people aren't critical enough to say there's a better way to do this and a smarter financial way to make sense. >> is this the new normal? before we get to th
abiding companies get workers they need in the 1st century economy and create a path to citizenship to bring the undocumented immigrants this country out of the shadows and into the full light of the american dream. >> some republicans say it's important to emphasize border security and be fair to 5 million people hoping to legally go to america. >> some waiting an average of seven years because the bureaucratic red tape. >> after progressives led with president obama today, the status quo doesn't work. >> we were talking about trying to fix a broken system. a system that doesn't work for anybody in the country. we were talking about common sense comprehensive reform. >> fixing it can be so tricky a bipartisan group has a meeting secretly to hammer out a deal. sources say it's expected they'll roll out a more detailed plan than the senate group did by next week. >>> f.b.i. data indicate a dropoff in federal background checks for gun sales in january after a surge at the end of last year. the ap reports the system processed less than 2.5 million checks last month, down from more than
most important part of our economy. >> i am part of that 1%, i am not touting anything to my friends, we needed to cut $4 trillion to get our fiscal responsibility in order, it is not going to happen with all spending, you need taxes to be parts. charles: i want to say, what is more important, growing the economy? or taxing the economy? do you think that, more pro-business, pro-growth agendas just offered up even as a olive branch we could get enough businesses and people out there to pay regular taxes but fill that void are talking about. >> i am absolutely for growing the economy, you need fiscal responsibility and growth, you need both, this is not going to happen overnight. right now about 14%, okay? of our money, our money comes from revenues, 25%, spending, the gap is too big, we need to narrow down, where it was 3%, you need revenues up, you need spending down, both have to happen together. charles: it does not fel like, that the president got a huge victory, a big time tax hike. very little spending cut. and there is dropping hints today or during super bowl, -- a lot of time
are focusing on the domestic economy. connell: i hate the media, by the way. charles: don't you? the gdp report was great. the thing that was posted last week was really good. certainly a lot of yellow flags. dagen: hangnail, blame the media. john is, blame the media. connell: let's go to bob, talk about betting on american companies. joining us by telephone today from annapolis. always great to have both on the show. we pull back a little bit today, your positive on the market overall though. what do you make of where we are right now? >> we have come a long way in a short. of time. surprised it didn't happen sooner in my view. i think we are digesting the games. but will we get acceptable economic growth, acceptable earnings growth and will the risks like u.s. politics stay out of the way? the answer is yes and my guess for now it is yes. the path of least resistance is higher. connell: even if you are right, people say boy, initial investors, we will talk later about the fact they have been getting more involved in the market and the inflow starting to look better on that front, but some of
. this has really serious implications. if people stop shopping or -- listen, we have an economy where the gdp number comes out tomorrow that is just short of chugging along. this is really serious stuff. connell: bob schiller later on housing because that is the other side of it. give us a stock pick today. charles: radioshack. i said i would not chuckle. nevertheless, you know what, you remember alexander's -- went from $78 to $12. they do have to reorganize, but they stop selling inexpensive close and all of a sudden there real estate was worth a lot. the volume has been astronomical. it is extraordinarily high risk. something may be going on there. connell: we will take your word for it. charles, thank you. nicole petallides joined as every 15 minutes with stocks now. nicole: i am watching the number one winner on the s&p 500 today. they are pushing near the five-year highs. they are confirming that they are looking to seek five seats on the board there. if they get on there, they will be likely to spin off assets. sell off the retail operation. there are some people who speculate
americans on food stamps? we learned the economy was shrinking and unemployment is back up to 7.9% and all this news is pouring out. here is what the president is addressing. >> i am here today because the time has come for common sense, comprehensive immigration reform. >> my attitude that gays and lesbians should have access and opportunity the same way everybody else does in every institution and walk of life. >> the only way we can reduce gun violence in this country is if the american people decide if it is important. if parents and teachers, police officers and pastors, hunters and sportsman, americans of every background stand up and say it's got to be different. >> sean: with reaction, is ann coulter. did you see the picture of his skeet shooting. first of all when you skeet shooting you shoot up. number one he is not holding it right. >> the great constitutional law scholar second amendment the fishermaners of the constitution really like skeet shooting. that is not what it is about. wait until the photos of him taking birth control pills fighting the war on women. >> sean: let's
if the government is hurting the economy and keeping people from being enthusiastic or excited because of all the milestones with the debt ceiling and next up sequestration. >> i think that's exactly right. you see that for the gdp numbers, for example. fourth quarter gdp numbers down and in large part because of government spending. redust in the military spending because of the draw down in the war but government spending does help the economy. >> right. >> clear that's been the case looking, for example, at great britain. they're in the double-dip recession right now doing the same austerity measures republicans oppose and we have had 6.1 million new jobs added in this economy and i think that the problems are we have to invest in education, make sure people have opportunities and make sure that the government doesn't pull back right now. >> what we also know is there are republicans who still strongly say and assert that the stimulus did not work and they do not believe in exactly what you just said. >> economists, the majority of those interviewed by "wall street journal" believes the st
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the economy is ready to follow the market. ♪ john is 42. mortgage. married. two great kids. he wants to protect his family with a $500,000 term life insurance policy. what do you think it'll cost him? a hundred doars a month? sixty? forty? actually none of the above. john can get a $500,000 policy -from a highly rated insurer - for under $25 a month. his secret? selectquote. selectquote is impartial. they'll search the pick of insurers like these to give you a choice of your best prices. selectquote has great savings on term life for women, too. john's wife carrie, can get a $500,000 policy for under $16 a month. selectquote has helped make term life insurance affordable for hundreds of thousands of people since 1985. how about you? just call this number or visit selectquote dot com. ♪ lou: strong economic news today, and the dow jones industrials above 14,000 for the first time since december of 2007. moody's chief economist will be with us here in just moments. stocks today surging to the best level since 2007. able charges set off by an upbeat economic data. the dow up 149 point
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the economy is ready to follow the market. ♪ [ wind howls ] [ dog barks ] ♪ ♪ [ male announcer ] something powerful is coming. ♪ see it on february 3rd. ♪ 7,000 high school students drop out every school day. that's a line of desks more than 4 miles long. we can keep students in school. visit boostup.org and take the first step. ♪ lou: strong economic news today, and the dow jones industrials above 14,000 for the first time nce december of 2007. moody's chief economist will be with us here in just moments. stocks today surging to the best level since 2007. able charges set off by an upbeat economic data. the dow u 149 points, nine points above the 14,000 level. the dow 155 points short of its all-time high. the s&p up 15, staying comfortably above the 1500 level , a five-year high at the same time. the nasdaq up 37 points. volume on the big board rising to a just under 4 billion shares. for the week of three stock indexes higher, and all up less than 1%. financial stocks helping to lead the rally. bankamerica topping the most-active list. the second most active, and ipo spinoff from
the economy is ready to follow the market. ♪ cook it safe! challenge. in this round, teams must read and follow package cooking instructions and know your microwave wattage. 1,100 watts. you can find the wattage in the owner's manual, on the appliance label, or by contacting the manufacturer. each team has been given a frozen entree to safely prepare. oh, wait, what is the wattage of the microwave? whatever! ooh, sorry, team 2, you get a red card for not checking the cooking instructions and not knowing the wattage. wattage? it won't just cook? microwaves have different wattages. i told you we should have checked the package instructions and checked the wattage of the microwave! it's not cooked safely! i wouldn't eat this. it's cold. if you don't follow the cooking instructions, some foods may be hot but may not have reached a safe internal temperature. use a food thermometer to be sure. you win! we just kept focus on reading and following the package cooking instructions. we knew the wattage of our microwave, so the food cooked safely. and the challenge continues. can you cook it sa
debate. >> there is no question that the economy is what the elections are about. but i would point out to the scholars that there were two chefs in public opinion during this campaign. the first one came after the first debate. when suddenly, here came romney and people said, that look like obama was going to run away with it, and the second change came at the end of the democratic convention, after the speech by bill clinton. these chefs do change minds and i think fat they are one of the best parts of the campaign process and i think that we need to have more debates. >> but let me say to the scholars, they overlook the obvious and maybe that is why they are scholars. [laughter] no, that is applied -- that is not a put down. scholars need to go beyond the obvious. that is what makes them scholars. what is obvious is that 64 million people watched the first debate. four years ago was about the same number and there was no two-one change like there was in 2012 of what the debates too, they are confirming exercises. and the scholars tend to say, they did not change any votes and as a co
economy. ordinary folks, they do their jobs. the notion that our elected leadership can't do the same thing is mind boggling to him. it needs to stop. >> this is not a complicated concept. >> he's standing strong. and that's making it even harder for an already divided gop to regroup. take exhibit a. earlier today, tagg romney's name was floated as a possible gop senate candidate in massachusetts. he's since bowed out. guess he saw what happened to the last romney. . >>> and then there's this. gop donors are turning to karl rove to help weed out far right candidates in upcoming races. really? isn't he the guy who blew $300 million in the last election? whose super pac had a 1% success rate? yeah, that guy. and, boy is the tea party upset. freedom works slammed rove's group saying the empire is striking back. calling him orwellian. it's full-on gop warfare. it's gop civil war. joining me now is michael steele and dana millbank. thank you both for coming on the show tonight. >> good to see you, rev. >> michael, karl rove to save the party from the tea party, do you buy it? >> no, i don'
, so we can strengthen our economy, and strengthen our country's future. think about it. we define ourselves as a nation of immigrants. that is who we are, in our bones. the promise we see in those that come here from every corner of the globe, that has always been one of our greatest strengths. it keeps our recourse young, a key to our country on the cutting edge, and helped to build the greatest economic engine the world has ever known. after all, immigrants help to start businesses like google, and yahoo!, they created entire new industries that in turn created new jobs and new prosperity. in recent years, one in four high-tech start-ups in america were founded by immigrants. one in four new small business owners were immigrants, including right here in nevada. folks who came here seeking opportunity and now want to share that opportunity with other americans. but we all know that today we have an immigration system that is out of date and badly broken. a system that is holding us back, instead of helping us to grow our economy and strengthen our middle-class. right now, we have
in the economy for the first time since 2009. the s & p 500 is up more than 5% so far this month. very, very strong month. >> what can you say? this is a great bull market. it is. i mean, the averages went up big. transports led us, okay. could we go for a breather? it would make sense, but the fed is not stopping. it's not stopping the fed. >> s & p keeps putting out these historical numbers, a 5% gain in january and years like that, just going back to '50, 1950, 31% for the year, 27, 26, 31, 45. i mean, just -- does this year hold that potential. >> hear siegel this morning, i know there's controversy, even on this deck, about -- >> for the long term. >> he did call the top. >> he loved housing you and -- my god, i'm sorry. >> my dad's building, the society of towers. >> since the last time we had the gapes, '07, 12-month forward pe is 15. back then, it was 9. we are not overpriced necessarily, given the run that we had. >> keeps rates down, competition from bonds, not so great. i still can't get over that they preserve thafd dividend low tax rate these are bond equivalents, a lot of stock
, is unconscionable. when we turn this economy around, and it will rebound, we need to end hunger now. we may not be able to wipe out all disease, we probably can't eliminate war, but we have the resources, we know what it takes. we need to muster the will to end hunger once and for all. hunger is a political condition. it's important to point out that even though 50 million people were food insecure, the vast majority had a safety net that prevented them from actually starving. that safety ned is called the supplement -- that safety net is called snap. snap is a program that provides low-income families with food they otherwise could not afford to buy. more than 75 million families relied on snap to provide food for their families. it is a lifeline for these 47 million people who struggle to make ends meet. i don't deny this is a big number, but it's a big number because it's a big problem. mr. speaker, america's hunger problem will be dramatically worse without snap. just imagine what this country would look like if we didn't have the safety net that snap provides for low-income families in
Search Results 0 to 49 of about 211 (some duplicates have been removed)

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